Life can be unpredictable. No matter how well you plan, things can go wrong. The Select Insurance Agency wants its Coppell, TX area neighbors to be financially secure, regardless of what life throws their way. Here are 3 ways an umbrella insurance policy can help you do just that.
- After many years as a hardworking professional, you’ve finally reached retirement. Between your savings, investment accounts, and pension payments, you have enough to live a long, comfortable life. If you are found liable for causing a car accident that results in loss, injury, or death, you could be held personally liable for any court-ordered payments. Your auto insurance policy may cover some of your costs, but medical bills and court costs can quickly drain your available funds. An umbrella insurance policy ensures unfortunate accidents don’t endanger your life plans.
- To celebrate a recently completed business expansion, you throw a cocktail party at your home for friends, family, and investors. During the festivities, one of the guests breaks their leg. They claim the accident happened due to your negligence. If a judge agrees, you could be liable for hefty civil and penal fines that could jeopardize your growing business. Would your existing homeowner’s policy cover any potential damages?
- A stroke of bad luck puts you in the path of a superstorm. In one night, your home, business, and automobiles are gone. The payouts from your various policies won’t be enough to cover the cost of rebuilding your whole life. Umbrella insurance puts enough money in your pocket to restore your properties and strengthen your community.
The Select Insurance Agency helps families and businesses in the Coppell, TX area protect their interest with customized insurance products. Contact us today to learn more about umbrella insurance policies.
